Nova Energy launches biodiesel fuel company

user-gravatar

Nova Energy Holding has launched a biodiesel fuel company to design, engineer and construct wholly owned biodiesel refineries in the United States, and address the production and marketing of biodiesel fuel and glycerin. With two full-scale production facilities currently under construction, the combined production capacity is more than 30 million gallons per year. Nova has $20 million under contract for the completion of the two facilities.

Nova Energy intends to use its proprietary, patented process technology to produce biodiesel from animal fats as well as vegetable plant oils. Nova says it can use multiple, low-cost feedstocks in any combination to produce high-quality biodiesel that can be used on a 100 percent basis, or can be blended with between 2 and 20 percent petroleum diesel.

“We are pleased to launch Nova Energy as it addresses three important needs in the U.S. — reducing environmental pollutants, reducing the nation’s dependency on imported crude oil, and meeting the fast-growing demand for biodiesel fuel to power the nation’s trucking, rail and marine fleets,” says Ken Hern, chairman and chief executive officer for Houston-based Nova. “Biodiesel can reduce emissions without compromising diesel engine performance, expand the nation’s fuel reserves and enable the company to fulfill its commitment to reduce U.S. energy dependency on outside sources.”

Nova Energy Holding, formerly known as Nova Oil, synthesizes and distributes renewable fuel products. The company’s initial focus will be to construct and operate several biodiesel refineries with total production capacity of more than 300 million gallons of fuel on an annual basis. Within three years, Nova intends to construct seven biodiesel refineries ranging from 20 to 50 million gallons per year.